Business, 07.03.2020 03:50 spalmer7

Producer SurplusAssume there are three hardware stores willing to sell one standard model hammer. House Depot is willing to sell the hammer for a minimum of $5. Lace Hardware can offer the hammer for a minimum of $7. Bob's Hardware store can offer the hammer at a minimum price of $12. a. If the market price of hammers is $12, how many hammers will be supplied? b. What will be the total Producer Surplus in this scenario? c. If the price of hammers decreases to $8, what happens to the number of hammers sold? What happens to producer surplus?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 03:00

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

Answers: 1

Answer

Business, 22.06.2019 06:50

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

Answers: 1

Answer

Business, 22.06.2019 08:30

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

Answers: 2

Answer

Business, 23.06.2019 00:30

Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a

Answers: 3

Answer

You know the right answer?

Producer SurplusAssume there are three hardware stores willing to sell one standard model hammer. Ho...

Questions